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Business News/ Markets / Stock Markets/  Stocks to Watch: Hero Motocorp, Paytm, Indian Hotells, Abbott India
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Stocks to Watch: Hero Motocorp, Paytm, Indian Hotells, Abbott India

Here are some stocks to watch out for ahead of Friday’s trading session.

Paytm's management said during an analyst call that the RBI's actions were a big speed bump and that operational changes would be required. Photo: ReutersPremium
Paytm's management said during an analyst call that the RBI's actions were a big speed bump and that operational changes would be required. Photo: Reuters

Hero MotoCorp: Recorded total sales of 4,33,598 units in January, up 21.6% from a year ago. Domestic sales increased 20.5% to 4.2 lakh units and exports jumped 74.6% to 12,664 units.

Paytm: Management said during an analyst call that the RBI's actions were a big speed bump and that operational changes would be required. The stock hit the 20% lower circuit soon after the market opened on Thursday.

Indian Hotels: Net profit was up 18.2% to 476.9 crore in Q3 from a year ago, revenue up 16.5%. Ebitda increased 22.6% yoy, while margin was 37.3% from 35.4% last year. Revenue for the quarter was led by 21% growth in room revenue. International RevPAR growth of 9% yoy due to 70% occupancy levels.

Abbott India: Posted 26% growth in net profit to 311 crore for the December quarter. Revenue from operations grew 8.7% to 1,437 crore from a year ago.

Mphasis: Direct revenue up 2% sequentially and up 1.3% in constant currency terms. New deal wins worth $241 million. Management said it was seeing signs of stability despite seasonal softness in the quarter.

Eicher Motors: Flagship brand Royal Enfield sold 76,187 motorcycles in January, up 2% from 74,746 units a year ago. However, exports sales dropped 20% to 5,631 motorcycles.

Panacea Biotec: The USFDA has classified the inspection of the facility of the company's subsidiary Panacea Biotec Pharma in Baddi, Himachal Pradesh, as ‘official action indicated’.

Sonata Software: Clocked a net loss of 46.2 crore for the December quarter against a profit of 124.2 crore in the previous quarter. Consolidated revenue from operations grew 30.4% sequentially to 2,493.3 crore in the quarter.

Bata India: Recorded a net profit at 57.3 crore in the December quarter, down 31% from a year ago, thanks to a tepid topline and weak operating numbers. Revenue from operations grew 0.4% yoy to 903.5 crore.

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ABOUT THE AUTHOR
Zaheer Merchant
Zaheer is part of the team that edits and curates Mint's premium content, including Mark To Market pieces, SnapViews and Explainers. He has more than 20 years of experience in journalism, with stints at Mid Day, Mumbai Mirror, Hindustan Times, ESPN and The Economic Times.
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Published: 02 Feb 2024, 06:50 AM IST
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